Rockwell Automation signs agreement to acquire autonomous robotics leader Clearpath Robotics
- Acquisition will accelerate Rockwell's autonomous production logistics solutions
- AMR market expected to grow 30% per year, estimated market size of $6.2 billion by 2027
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Acquisition to accelerate Rockwell’s end-to-end autonomous production logistics solutions, providing safer, more efficient manufacturing environments for customers
Transporting parts and materials to assembly lines and between manufacturing cells is one of the industry’s most complex and inefficient tasks, often resulting in production bottlenecks. Autonomous production logistics will transform the workflow throughout a manufacturing plant, enabling substantial reductions in cost and greater operational efficiency. Clearpath’s
Combined with Rockwell’s strong continuing partnerships in fixed robotic arms, solutions such as Independent Cart Technology, and traditional leadership in programmable logic controllers (PLCs), the addition of
According to Interact Analysis, the market for AMRs in manufacturing is expected to grow about
“Rockwell and Clearpath together will simplify the difficult and labor-intensive task of moving materials and product through an orchestrated and safe system to optimize operations throughout the entire manufacturing facility,” said Blake Moret, Chairman and CEO, Rockwell Automation. “The combination of autonomous robots and PLC-based line control has long been a dream of plant managers in industries as diverse as automotive and consumer packaged goods. With Clearpath, Rockwell is uniquely positioned to make that dream a reality across virtually all discrete and hybrid verticals, optimizing planning, operations, and the workforce.”
Data from Rockwell’s offerings and
“Industrial customers are under ever-increasing pressure to do more with less. Autonomous production logistics is becoming a necessity to meet targets and stay competitive. We are excited to join Rockwell and help expand their leadership position in advanced material handling,” said Matt Rendall, co-founder and CEO of Clearpath. “Together, we will create safer and more productive workplaces with autonomous technology.”
Founded in 2009, Clearpath got its start offering robotics technology to global research and development markets, and in 2015, launched its
The acquisition will be funded by a portion of the proceeds from the sale of Rockwell’s investment in PTC. It is subject to customary regulatory approval and is expected to close in the first quarter of Rockwell’s fiscal year 2024. At close, Clearpath will report to Rockwell’s Intelligent Devices operating segment.
Goldman Sachs & Co. LLC served as Rockwell’s financial advisor.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in
About Clearpath Robotics
Clearpath Robotics Inc. is a global leader in autonomous technology for industry, serving thousands of the world's most innovative brands through the company's namesake research division and industrial division,
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Source: Rockwell Automation, Inc.
